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Gold prices rebound as investor concerns ease following Trump’s letter announcing tariffs and delaying the deadline to August 1st, allowing more time for negotiations.
Additionally, the gold market is holding steady above the $3,300/ounce mark, supported by the cautious stance of the Federal Reserve in their monetary policy direction. However, according to experts, gold prices may experience periods of stagnation or decline in the short term, but they remain optimistic about its potential for growth in the long run.
Ole Hansen, head of commodity strategy at Saxo Bank, states that the core factors that drove precious metals to higher price levels in recent years are still present. Moreover, new catalysts for gold prices could emerge in the second half of 2025.
Gold Price Movement Today
+ Domestic Gold Price
Gold prices show signs of recovery. (Photo: Kitco).
At 6 am on July 10th, gold bar prices at Doji and SJC were listed at 118.6 – 120.6 million VND/troy ounce (buy-sell), a decrease of 400,000 VND/troy ounce compared to the previous morning.
Meanwhile, Doji listed gold ring prices at 115 – 117 million VND/troy ounce (buy-sell), a decrease of 500,000 VND/troy ounce.
+ International Gold Price
The world gold price listed on Kitco is $3,317/ounce, an increase of $18/ounce compared to the previous afternoon. Gold futures last traded at $3,320/ounce.
Gold Price Forecast
Some experts on Kitco believe that the gold market requires fresh fundamental impetus to initiate a new upward trend. However, no strong enough catalysts have emerged to push gold past significant resistance levels like $3,350 and $3,400/ounce.
Investors are also betting on equity markets as the EU and several countries near trade deals with the US.
On the other hand, the commodity markets could be volatile, and the US dollar may reverse its gains if Trump announces additional tariff plans on other countries.
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Gold Slides After Powell Says No Rush to Cut Rates
The Fed’s meeting spurred a rise in Treasury yields and the dollar, exerting downward pressure on precious metals.
The Price of Gold Plummets as Investors Rush to Cover Stock Market Losses
The US dollar index and Treasury yields fell during the session, but failed to buoy the precious metals market.
The All-Time High Global Gold Price Ahead of US Inflation Report
However, a pivotal U.S. inflation report on Friday could shape the trajectory of interest rates, which would impact the gold price.
The Golden Opportunity: “Gold Prices Surge as Risk-Averse Investors Seek Safe Haven”
The mounting uncertainty surrounding President Donald Trump’s tariff plans continues to fuel demand for gold as a safe-haven asset.
Gold Prices Fluctuate as Investors Mull Over Trump’s Policies
The cautious sentiment ahead of the U.S. Federal Reserve’s monetary policy meeting next week has been a key factor in gold’s recent stagnation.
